Stevanato Group (NYSE:STVN) Shares Gap Up – Still a Buy?

Stevanato Group S.p.A. (NYSE:STVN) shares gapped up before the market opened on Monday . The stock had previously closed at €21.03, but opened at €21.80. Stevanato Group shares last traded at €21.31, with a volume of 15,685 shares trading hands.

Analyst Ratings Changes

STVN has been the subject of a number of research analyst reports. Wolfe Research started coverage on Stevanato Group in a report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 price target for the company. TD Cowen raised Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Stevanato Group Price Performance

The company has a 50 day moving average price of €20.16 and a 200-day moving average price of €17.60. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.76 and a beta of 0.74. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.21.

Stevanato Group (NYSE:STVN) last posted its earnings results on Wednesday, August 5th. The company reported €0.14 earnings per share for the quarter, missing analysts’ consensus estimates of €0.15 by (€0.01). The business had revenue of €302.00 million for the quarter. Stevanato Group had a return on equity of 10.43% and a net margin of 10.99%. As a group, equities research analysts predict that Stevanato Group S.p.A. will post 0.69 EPS for the current fiscal year.

Insider Activity

In other news, CFO Lago Marco Dal sold 4,209 shares of Stevanato Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of €20.09, for a total value of €84,558.81. Following the completion of the transaction, the chief financial officer directly owned 81,144 shares of the company’s stock, valued at approximately €1,630,182.96. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Luciano Santel sold 2,023 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of €20.09, for a total value of €40,642.07. Following the completion of the transaction, the director directly owned 4,739 shares in the company, valued at €95,206.51. This represents a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 14,249 shares of company stock worth $268,346.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. GW&K Investment Management LLC raised its holdings in Stevanato Group by 76.2% during the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock worth $49,000 after buying an additional 1,055 shares during the last quarter. Fifth Third Bancorp lifted its position in Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock valued at $58,000 after acquiring an additional 773 shares in the last quarter. State of Wyoming boosted its stake in Stevanato Group by 39,216.7% during the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after purchasing an additional 2,353 shares during the last quarter. Quantbot Technologies LP bought a new stake in Stevanato Group during the 3rd quarter worth approximately $68,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Stevanato Group by 1,268.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock worth $112,000 after purchasing an additional 4,250 shares during the last quarter.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.